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Land shall be provided to foreign-funded enterprises under paid transfer. Foreign-funded enterprises may acquire the land use right after they have applied for use of the land in line with required procedures, signed the land use transfer contract with land administrative departments and paid due fees in accordance with relevant regulations. The land for commodity housing development shall be provided by auction or tender.
The maximum duration of land use right varies with different purposes: 50 years for use by industry, education, science and technology, culture, medical institutions and sports; 40 years for commercial, tourism and recreational use; 70 year for residential use; and 50 years for comprehensive development or others. At the expiration, application for extension shall be filed at least one year prior to the expiration if the land user intends to use the land for a further period.
The land of which the use right is acquired on payment can be transferred, leased or mortgaged within the approved duration and purpose of use, as long as the transaction is registered according to the procedures stipulated by the laws.
- Land Price for Industrial Use;
On Xiamen Island: US$66/m2
Outside Xiamen Island: US$9~US$22/m2
- Factory Building:
Sales Price:
On Xiamen Island: US$217~US$266/m2
Outside Xiamen Island: US$145~US$170/m2
Monthly Rent:
On Xiamen island: US$0.97~US$2.18/m2
Outside Xiamen Island: US$0.85~US$1.45/m2
- Office Rent;US$2.4~US$9/m2/months£»
- Luxury Apartment Rent;US$600~US$1800/suite/month
(with one sitting room, two bedrooms, two water closets and a kitchen)
- Commodity Housing Rent: US$96~US$240/month/100m2
- Commodity Housing Price: US$240~US$725/m2
(Remark: The above prices refer to data taken during May, 2003.)
Charges for the Purchase of Houses;
|
Procedure |
Charge Standard |
Charge-collecting Organs |
Remarks |
|
1. Contract Notarization |
Total House Price × 0.3% |
Notarization Office |
50% each from the buyer and the seller.（Notarization is not required for those not applying for registered permanent residence.） |
|
2. Record Registration for the Contract |
Residence: RMB3.00 /m2
Shops and stores: RMB12.00 /m2 |
The Municipal Real Estate Dealing and Property Right Registration Center |
To be paid by the seller |
|
3. Stamp Tax |
Total House Price × 0.03% |
The Local Tax Bureau |
To be paid by the buyer |
|
4.
Loan
Procedures |
House
Insurance |
0.1% of the Total House Price ×the term of the Loan
|
Insurance Company |
To be paid by the buyer |
|
Mortgage
Registration Fee |
Suspended |
The Municipal Real Estate Dealing and Property Right Registration Center |
|
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5. To Apply for the Property Right Certificate |
House Registration Fee：RMB80 per Household
Land Registration Fee：RMB100 per Household(minimum sum) |
The Municipal Real Estate Dealing and Property Right Registration Center |
To be paid by the buyer |
|
6. To pay the Deed Tax |
Ordinary Residence：1.5%
Luxury Residence：3%
(Luxury Residences refer to villa or house at the price of over RMB 7,000 /m2 in Xiamen. |
The Finance Bureau |
To be paid by the buyer |
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7. To get the Property Right Certificate |
Stamp Tax: RMB5 per copy |
The Local Tax Bureau |
To be paid by the buyer |
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